Artisan Partners Limited Partnership Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Artisan Partners Limited Partnership decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 509,252 shares of the company’s stock after selling 184,897 shares during the period. Artisan Partners Limited Partnership owned approximately 0.21% of CrowdStrike worth $174,246,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. State Street Corp boosted its holdings in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Jennison Associates LLC grew its position in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after acquiring an additional 171,861 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CRWD opened at $371.41 on Thursday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $92.06 billion, a price-to-earnings ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19. The company has a fifty day simple moving average of $388.08 and a 200 day simple moving average of $347.22.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Truist Financial boosted their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.